Tyson Foods, Inc. (NYSE:TSN) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN) have earned a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $58.20.

Several research analysts have recently weighed in on TSN shares. StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Piper Sandler lifted their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. Finally, Stephens reissued an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Tyson Foods

A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Tyson Foods by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,421 shares of the company’s stock valued at $553,000 after purchasing an additional 336 shares during the period. Matrix Asset Advisors Inc. NY bought a new position in shares of Tyson Foods in the first quarter valued at approximately $3,141,000. Sunbelt Securities Inc. increased its position in Tyson Foods by 13.8% during the first quarter. Sunbelt Securities Inc. now owns 10,803 shares of the company’s stock worth $634,000 after acquiring an additional 1,307 shares during the period. Sound Income Strategies LLC increased its position in Tyson Foods by 10.9% during the first quarter. Sound Income Strategies LLC now owns 41,763 shares of the company’s stock worth $2,453,000 after acquiring an additional 4,104 shares during the period. Finally, Thompson Investment Management Inc. increased its position in Tyson Foods by 0.4% during the first quarter. Thompson Investment Management Inc. now owns 96,495 shares of the company’s stock worth $5,667,000 after acquiring an additional 339 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.6 %

Tyson Foods stock opened at $58.12 on Tuesday. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of -23.53, a PEG ratio of 0.46 and a beta of 0.77. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $55.72 and its two-hundred day moving average price is $52.23. Tyson Foods has a 52 week low of $44.94 and a 52 week high of $63.28.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, analysts expect that Tyson Foods will post 2.35 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.